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20131202
20131210
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expertise in london. and also things like energy, environment, that's also uk is very, very strong. so i think both sides are looking at opportunities both for investments of china's capital in the uk, but also how the uk businesses could share a bigger size of the cake. because the uk investment is minuscule compared with other european countries in china. >> yeah. and do you think this will help london become the major offshore trading center for the renminbi? >> i think london is very well positioned, indeed, because after all, london is the leading financial center in the world and, of course, the china's bands also are already being welcomed in london and, in fact, recently, the china businesses consortium has bought a sizable chunk of the area next to the city of london. so that gives the china business an opportunity to be near the financial center, bring in china's businesses to london. but, of course, london is a launching plat for china's businesses all around europe. so i think london is very well positioned, indeed, in terms of financial services. >> boris johnson will hear y
rate environment, you know, the cost of ownership of gold disappear, right? >> yes. >> and with the perception that that world is changing and presumably that is having a marked investment -- >> absolutely. >> and the other thing is, if we're going to ease up on qe, there is that edge. those two things go away, don't they? we haven't seen the final outcome of what qe does. i don't think we've seen what it does when it gets removed. definitely, though, it is about real interest rates. that's what really moves gold long-term is if you're get ago strong return on u.s. treasuries, obviously, investment in gold is going to be less urgent for you. definitely in 2013 what you're seeing is the perception of rising rates. but we haven't had them yet. it's about what is coming down the pipe in terms of real interest rates. >> yeah. and, of course, how much investors have unloaded. do we know how much investors have unloaded from what -- >> well, the etf went into this year with record high holdings. if you look again, you'll find that, yes, there was a sell-off in the spring
an environment where we can compete in the world. marching valiantly towards 1970 is no way of doing that. try and get the people out of work into what to do that, massive reform. why are we giving more money to french farmers than we do to universities? that is the future. i want to stay in, but i want to stay in a reformed europe. if they won't reform big time, frankly, we would be better out. >> thank you very much, lord digby jones, a man never to sit on the front. we'll be hearing from the chancellor soon and the labor party chancellor, as well. >> yes. i don't want to be the person digby hits on, but it's good to see him. thanks for that, helia. you can tell him that, by the way. we get along quite well. we have got coverage of the chancellor's statement coming up in 20 minutes. the viewers in europe which, of course, does include the uk i know some people think the uk isn't in europe, but it is. it says so on my passport. on the agenda today, we have an issue of jobless claims set to release at 8:30. it's a good preview of what might come tomorrow with the employment report. also at 8:3
environment. >> steven, some people note the correlation between the dollar and the u.s. ten-year treasury yield has broke b down of late. do you think that is the case? >> well, it's kind of broken down the last two or three days. which isn't fair to judge a correlation. but i think the key issue is this -- that what we've seen over the last couple of days is the market has had to adjust rapidly its expectations of tapering is that volatility indications, indication of risk, the vix has backed up and that offset a lot of the positive impact that a higher interest rate has on the currency because risk managers tell you you can't hold as much, that they're worried about their value at risk. i think, though, that the volatility won't come down and we'll see the dollar rally again. >> steve, we've got more time with us. steven englander with some ideas there for us. >>> let's take a look at today's other top stories. deutsche bank has pulled the plug on commodities trading to become the first bank to exit the sector due to pressures. it will cut 200 jobs as it sees energy, agriculture, metals
Search Results 0 to 3 of about 4